The altcoin market is experiencing notable movements, with some cryptocurrencies reversing recent losses. Among the trending altcoins, Velodrome Finance (VELO) saw a significant 125% price increase after its announcement of being listed on Binance. This surge brought its price up from less than $0.15 to $0.33.
Fartcoin also gained attention, reaching a market cap of $655 million with a 25% price increase, and finds strong support around $0.20. It has potential to reach a $1 billion market cap if the trend continues.
Meanwhile, Aerodrome Finance (AERO), sharing a development origin with VELO, trended as its sibling token was listed on Binance. However, AERO showed a slight decrease of 2.50% in its price over the last 24 hours.
The technical indicators like the Relative Strength Index for VELO and Money Flow Index for AERO suggest varying levels of buying pressure, which could influence future price movements. The outcome of this pressure could lead VELO to rise up to $0.44 and AERO to approach $3, or they could decline if investors decide to book profits and buying pressure weakens.
